Owen was elated that Jackie agreed to start a family but when he wasn't looking, her expression belied her absolute dread. Owen excitedly started looking through the surrogate catalogue in search of a possible mommy candidate. His enthusiasm only made Jackie feel more apprehensive — and guilty. Owen reiterated how important a baby is to him but wanted Jackie to tell him that it will help her feel fulfilled. She finally admitted that she didn't want to start a family. The doorbell rang and Owen was surprised that Jackie had summoned Steffy over. Jackie acknowledged Owen's close friendship with Steffy and asked the young lady to consider doing something important for him. Color Steffy confused.

While making out with Bridget, Nick explained how Owen wants to have a baby and Jackie doesn't. Bridget was sure the Knights can work it out because "they're crazy about each other." Nick was still worried over the upheaval a child will cause for his mother.

As Forresters and Logans prepared for the press conference to announce Spencer taking over, Ridge informed Eric that Katie is now engaged to Bill. Brooke reminded Katie that they all trust her "implicitly." The press conference began and Brooke announced Forrester's new partnership with Spencer Publications. Bill took the podium and introduced Katie as the new CEO. A reporter asked about Katie’s ring and Bill revealed that they are engaged. Then the hard questions started rolling in about Katie's lack of experience. She answered that she will handle the day-to-day operations so Eric and Ridge can focus solely on designing. Someone asked who Katie will answer to at the end of the day and she affirmed Bill. Brooke was shocked and after the press conference was adjourned, she asked Katie, "How could you do this to us?" Later, Eric and Ridge raged at Katie for her betrayal. Bill showed up and told them to get used to being "Spencer employees." After he left, Brooke asked once more: where did Katie loyalty lie?